State Farm to Non-Renew 72,000 Policies in California
LOS ANGELES, CA (March 22, 2024) — State Farm General Insurance Company has announced plans to non-renew approximately 30,000 property insurance and 42,000 commercial apartment policies in California, citing the need for long-term sustainability amid financial challenges.
The decision, affecting 2% of the insurer’s total policies in the state, signifies a strategic withdrawal from the commercial apartment market in California and will impact homeowners, rental dwellings, and other property insurance policies.
California customers impacted by these State Farm non-renewals will receive notifications between July 3 and Aug. 20, highlighting the necessity of exploring alternative insurance options to safeguard their premises and assets.
If you’re facing non-renewal of your property insurance policy, or have concerns about premises liability and homeowners’ insurance, consult the experienced attorneys at RTM Law Firm. Our dedicated team can provide guidance and legal support to ensure your rights and interests are protected.
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